How do I Know if a Nova Scotia Estate Requires Probate?
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It is not necessary to Probate many estates. Probate is the process of having the Court essentially babysit the administration of an estate
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A Real-Life Horror Story – He Died Without a Will
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Once upon a time, in a land not too far from were you are reading this, there lived a kind man. When he was young, he married. A few years later he realized the marriage was a mistake and he separated from his wife. However, divorce is expensive and their separation was agreeable so they never went through with any formal paperwork. Time went on, and the man met another women who he fell in love with. She too was still married to her husband from an earlier chapter point in her life. They moved in together and had one child. Collectively, their family now had five children because he has two children from his previous marriage and she had two from hers. Life was grand, but then he died.
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Why Do I Need a Will in Nova Scotia?
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Why do I need a Will?
It is important to explain the general purpose of Wills before outlining the reasons why you should consider getting one. A Will is your opportunity to decide what you would like to happen with your assets at your death. Generally, your Will can provide for an immediate distribution of your assets to your chosen beneficiaries (friends, family, and charities) or the distribution can be delayed using “Trusts” (a topic for another day).
There are four primary reasons why you should have a Will:
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